US VP Biden to press China on currency during trip

By REUTERS
August 15, 2011 18:47

 
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WASHINGTON - US Vice President Joe Biden will continue to press China to revalue its currency during his trip there this week, a US official said on Monday.

US Treasury Under Secretary for International Affairs Lael Brainard said China's currency remained overvalued but progress had been made.

Biden leaves for China on Tuesday.

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